KMLI vs. HOOG

Last updated Jun 5, 2026

KMLI (KraneShares 2x Long MELI Daily ETF) and HOOG (Leverage Shares 2X Long HOOD Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. KMLI charges 1.26%/yr vs 0.75%/yr for HOOG.

Performance

KMLI vs. HOOG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares 2x Long MELI Daily ETF (KMLI) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KMLI achieves a -42.98% return, which is significantly higher than HOOG's -55.34% return.

KMLI

• 1D: -0.51%
• 1M: -22.77%
• YTD: -42.98%
• 6M: -50.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOG

• 1D: 12.78%
• 1M: 23.20%
• YTD: -55.34%
• 6M: -70.69%
• 1Y: -21.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KMLI vs. HOOG - Yearly Performance Comparison

	2026 (YTD)	2025
KMLI KraneShares 2x Long MELI Daily ETF	-42.98%	-37.98%
HOOG Leverage Shares 2X Long HOOD Daily ETF	-55.34%	69.11%

Correlation

The correlation between KMLI and HOOG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.36

Return for Risk

KMLI vs. HOOG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HOOG

HOOG Risk / Return Rank: 11
HOOG Sharpe Ratio Rank: 7
HOOG Sortino Ratio Rank: 16
HOOG Omega Ratio Rank: 16
HOOG Calmar Ratio Rank: 7
HOOG Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KMLI vs. HOOG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares 2x Long MELI Daily ETF (KMLI) and Leverage Shares 2X Long HOOD Daily ETF (HOOG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KMLI	HOOG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	0.41	-1.24

Drawdowns

KMLI vs. HOOG - Drawdown Comparison

The maximum KMLI drawdown since its inception was -73.23%, smaller than the maximum HOOG drawdown of -86.94%. Use the drawdown chart below to compare losses from any high point for KMLI and HOOG.

Drawdown Indicators

	KMLI	HOOG	Difference
Max Drawdown Largest peak-to-trough decline	-73.23%	-86.94%	+13.71%
Max Drawdown (1Y) Largest decline over 1 year	—	-86.94%	—
Current Drawdown Current decline from peak	-70.65%	-79.17%	+8.52%
Average Drawdown Average peak-to-trough decline	-41.03%	-37.70%	-3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	53.46%	—

Volatility

Volatility by Period

	KMLI	HOOG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	43.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	101.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.26%	137.25%	-57.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.26%	145.07%	-65.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.26%	145.07%	-65.81%

KMLI vs. HOOG - Expense Ratio Comparison

KMLI has a 1.26% expense ratio, which is higher than HOOG's 0.75% expense ratio.

Dividends

KMLI vs. HOOG - Dividend Comparison

KMLI's dividend yield for the trailing twelve months is around 18.64%, less than HOOG's 27.55% yield.

Position	TTM	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	27.55%	12.30%
KMLI KraneShares 2x Long MELI Daily ETF	18.64%	10.63%

Frequently Asked Questions

Can I hold both KMLI and HOOG in my portfolio?

KMLI and HOOG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KMLI or HOOG?

On fees, HOOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KMLI or HOOG?

HOOG is cheaper with a 0.75% expense ratio, compared with 1.26% for KMLI.

Which ETF pays a higher dividend yield, KMLI or HOOG?

HOOG has the higher dividend yield at 27.55%, compared with 18.64% for KMLI.

What is the main difference between KMLI and HOOG?

They also come from different issuers: KraneShares and Leverage Shares. Their fees differ too: 1.26% for KMLI and 0.75% for HOOG.